• 111 posted Q1 net revenue of RMB 2.4 billion, down 33.1% year over year; net loss widened to RMB 26.8 million from RMB 7.3 million.
• Operating results swung to a loss of RMB 20 million from operating income of RMB 145,000 a year earlier.
• Marketplace service revenue rose 24.7% year over year; promotional products revenue more than doubled to RMB 28.9 million, up 70.2%.
• Fulfillment expenses fell 34.6% to RMB 61.2 million; fulfillment costs improved 0.1 percentage point to 2.6% of revenue.
• CEO Junling Liu said the company is shifting to an asset-light platform model, expanding AI use across forecasting, inventory, routing, and pharmacy operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 111 Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202606040400PR_NEWS_USPR_____CN75943) on June 04, 2026, and is solely responsible for the information contained therein.